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Japan's JESCO to install electric gear for Sri Lanka airport expansion
NEW DELHI, NNA - Japanese engineering and construction company JESCO Holdings Inc. has won a contract worth some 3.5 billion yen ($32.9 million) to install electrical equipment for the expanded portion of a terminal building at Bandaranaike International Airport in Sri Lanka. JESCO said Wednesday its wholly owned subsidiary, JESCO Co., has been awarded the contract by Japanese construction giant Taisei Corp., a main contractor for the airport improvement project involving the expansion of the existing terminal. JESCO will be responsible for a main electrical network, outlets for lighting and a...
NNA Business News
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NEC to design systems for integrated transport fare collection in Dhaka
NEW DELHI, NNA - NEC Corp. will design clearinghouse systems to help integrate transport fare collection systems in the Bangladeshi capital of Dhaka, the Japanese information and technology company said. NEC received an order from Katahira and Engineers International, or KEI, to design the systems under a technical cooperation project of the Japan International Cooperation Agency, or JICA, the company said in a press release last Friday. The establishment of the clearinghouse systems to integrate the transport fare collections systems in phase 2 of the JICA project, has been awarded to KEI and...
NNA Business News
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India ramps up public spending, but views divided over amount for recovery
NEW DELHI, NNA - Last week, the buoyant market intensified its recent bull run, sending Indian stocks to new record highs after India announced a nearly half-a-trillion-dollar 'get-well-soon' budget with sizable priority spending for healthcare and capital for the new financial year starting April 1. Aimed at laying the foundation for stronger growth in the next four to five years, the country will jack up health expenditure by a whopping 137 percent to 2.2 trillion rupees ($30.2 billion) and capital outlay by 35 percent to 5.54 trillion rupees to boost infrastructure. Expectedly, the huge hea...
NNA Business News
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Mitsubishi firms to engage in Philippine geothermal power generation
MANILA, NNA - Two group companies of Mitsubishi Heavy Industries Ltd. have won an order for an environmentally friendly binary cycle power generation system to be installed at a geothermal power plant on Luzon Island in the Philippines. Mitsubishi Heavy said Wednesday that Turboden S.p.A., based in Lombardy, Italy, will supply 29-megawatt generation equipment while Mitsubishi Power Ltd. of Yokohama will lend operational support at the Palayan plant run by Energy Development Corporation. The new system is expected to become operational by the end of 2022 and reduce carbon dioxide emissions by a...
NNA Business News
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MUFG, Hong Kong firm to cooperate in infrastructure loan sales
TOKYO, NNA - MUFG Bank has signed a memorandum of understanding with Hong Kong Mortgage Corp. on an infrastructure loan sales framework. The MOU, sealed Tuesday, sets out principal terms for potential infrastructure loan sales by the major Japanese bank to HKMC, a Hong Kong government-affiliated company. The terms include the loan selection criteria, mode of sales and engagement process, with a view to facilitating loan sale cooperation between the two parties. This represents the first MOU that HKMC has signed with a commercial bank, and will further the mandates of its infrastructure financi...
NNA Business News
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Thailand's GULF to acquire big majority of GMIM for Vietnam energy expansion
By Chalermlapvoraboon Valaiporn BANGKOK, NNA - Kolpos Pte. Ltd., a subsidiary of Thai giant energy producer Gulf Energy Development Public Co. Ltd., (GULF) is set for expansion in Vietnam after buying a sizeable majority stake in Global Mind Investment Management Pte. Ltd. (GMIM). Kolpos will invest 1.2 billion baht ($40 million) to acquire 70.5 percent of ordinary shares of GMIM from Singapore-based company, Nech Opportunities Fund VCC, according to GULF’s filing to the Stock Exchange of Thailand on Thursday. “The objective of such acquisition is to further expand investments in Vietnam,” sai...
NNA Business News
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Japan's JGC wins contract for solar power project in Vietnam
HO CHI MINH CITY, NNA - Japanese engineering company JGC Corp. has won a contract for a solar power generation project from Japanese trading house Sumitomo Corp. in northern Vietnam. JGC, a wholly owned subsidiary of JGC Holdings Corp., and local unit JGC Vietnam will undertake the engineering, procurement and construction work for a 1-megawatt solar generation facility at Thang Long Industrial Park II in Hung Yen Province, JGC Holdings said Tuesday. The amount of the contract and the construction period were not disclosed. Sumitomo said earlier this month that it began construction of the sol...
NNA Business News
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Mitsubishi Chemical to launch water treatment project in Myanmar
YANGON, NNA - A subsidiary of Mitsubishi Chemical Corp. will launch a water treatment and supply system project in Myanmar next year as part of a global campaign to fight the COVID-19 pandemic and other infectious diseases in developing countries. Tokyo-based Mitsubishi Chemical Aqua Solutions Co. said Thursday it will install a membrane filtration water treatment system at a hospital in Yangon probably in February in a pilot project led by the United Nations Industrial Development Organization. It is one of about a dozen UNIDO-designated projects aimed at mitigating the impact of the coronavi...
NNA Business News
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New giant Indus Towers to capitalize on phone and data boom in India
By Atul Ranjan NEW DELHI- The recent merger of two leading telecom infrastructure providers in India has not only created the country’s biggest tower company, but also one of the largest of its kind in the world. Following the amalgamation of Bharti Infratel Ltd. and Indus Towers Ltd., the mega company is looking to leverage their combined strengths to capitalize on the boom in India’s data and phone consumption as the digital revolution continues to spread from cities to rural villages. The surge will be further supported by 4G services being expanded and the faster 5G network poised to be la...
NNA Business News
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Worker feared dead as landslide hits quake-prone dam in orangutan habitat
JAKARTA — One person is missing and feared dead following a series of landslides near the site of a planned hydropower plant in the only known habitat of the critically endangered Tapanuli orangutan in Sumatra. Heavy rains triggered an initial landslide on Dec. 3 in the Batang Toru forest in North Sumatra province, Indonesian officials said. On Dec. 4, Afuan Ritonga, a 38-year-old local, was taking part in a cleanup effort at the site when another, bigger landslide, struck. The torrent of mud swept Afuan and the excavator he was in down the 200-meter (660-foot) slope and into the Batang Toru R...
Mongabay
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